1. As previous Correction 51% Drop. 2. 70 Days Period 3. NO Green Candles between Correction
Reverse Head and shoulder. 1. We need to broke the Resistance at 40/42k and find Support at 39/38k. 2. Next Level of Resistance it 43k / Support 40k 3. Next Resistance big move to 48k and exiting from triangle/ Support to 43K 4. Next to 50k.
Psychological level Is a price level in technical analysis that significantly affects the price of an underlying security, commodity or a derivative. Typically, the number is something that is "easy to remember," such as a rounded-off number. #Bitcoin #BTC
I am ready for both scenarios, If it going below 45400, can goo to 42k for one more time to fill up the the spike down from 4th Dec. after we can see parabolic to the upside.
The end of accumulation it ending and 50EMA is to strong to be broken. I expecting next week candle to be up to 52/53k for super bullish trend.
Considering we are in the bull market and the Fibonacci level it close to 0.61, the momentum can come in any days.
WHICH ONE YOU CHOSE? HEAD AND SHOULDER OR 12345?
I may be wrong, but this idea can give hope to other retail investors who didn't take the risk till now ...